HomeMy WebLinkAbout1981 10-06 Building boom spurs revenue notes requests DISPATCH -). ,,,,, -,
N . hbo h ds
The Dispatch
Building
boom
spurs
By Mike Barrett _______,
Staff Writer Maplewood
Maplewood City Council mem-
bers did a brisk business Thurs- 4.,
day night on four building proj- �,
ects requesting approval for
more than $8.9 million in indus-
trial revenue notes. _ '
Among the items, the council • £
unanimously approved more R 7;
than$2.6 million in notes for two "� h. ,
projects and set a hearing for 7
p.m. Nov. 5 on two more projects
Iseeking approval of $6.3 million '
in notes. R� '
Here are the plans approved Greavu Bastian
by the council: X81$
s The council approved$2 mil- Council members dotted the i's nues.of 11th and White Bear ave
lion in notes for White Bear Ave- and crossed the is on a previous
nue Associates to build a 32,000- approval of $650,000 in industri- The Realtyer,Josh BeDevelopmentntley of
square-foot shopping center. The al revenue notes for Gervais Av- J.S.B. Bro &
building would be built at the enue Associates on a warehouse Co., Oak Brook, Ill., proposes to
northeast corner of Beam and project. construct a 120,000-square-foot
White Bear avenues just across shopping center.
The 37
the street from Maplewood Mall. ,500 square-foot project. Bentley projects annual sales
includes four buildings,including of about $11 million with 100
However, Councilman Gary a live-in caretaker residence, on full-time and 500 part-time jobs
Bastian warned, "This might be 1.7 acres on GervaisAvenue created. No esti
Fest of White Bear Avenue. mated annual
the last one we'll act on for a payroll figures were available.
while because of changes the Developer Richard Schreier In information filed with the
federalgovernment mayhave on
told the Dispatch that the project city, Bentley estimates land ac-
3,),
such financing." recently was completed andar-
quisition development
tially rented. His wife, Patrc ia, osts at $1 8 m llionanonP`
According to national news re- also is listed as a principal in struction contracts at $2.3 mil-
ports, federal officials may this project. lion.
J i V tighten restrictions on develop- a The council set a Nov. 7 a The council set another Nov.
ers seeking this kind of financ hearing for a $5.5 million reve- 7 hearing on a request for
ing.
nue note request to build Maple
$800,000 in industrial revenue
"'d a Mall at the northwest cor- notes to help finance the con-
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